Hardworking investment opportunity gives combined benefits of luxury vacations, annual lease returns
With the country’s continuously upbeat economy comes many investment prospects. In real estate, Century Properties, through its subsidiary, Century Limitless Corporation, has launched Century Acqua Lifestyle Corporation to introduce an exciting new concept in property ownership via its first hotel project, Novotel Suites Manila.
The first of such investment concept in the Philippines, the Century Fractional Ownership Program is a hardworking investment opportunity that has the ability to maximize the growth opportunities in the hospitality industry, provide branded hotel stays, and present an exciting array of international vacation privileges to its investors.
Fractional Ownership, in a nutshell
In technical terms, Fractional Ownership represents a percentage share in the company that owns the asset. It allows you to purchase preferred shares with Century Acqua Lifestyle Corporation (CALC), which owns 152 units at Novotel Suites Manila.
One person or corporation can own a board lot, with entitlements of 28 nights per year of stay and a share in the Net Room Rental Revenue (9 weeks) at the rate of 40% for all of the CALC-owned 152 rooms.
Because you are a Preferred Shareholder of a company, your share is registered and protected by the Securities and Exchange Commission [SEC] of the Philippines and will comply with all regulatory controls as set out by the SEC.
The Fractional Ownership scheme allows you a more rational use of vacation time and discretionary income. Because the units are going to be managed by Novotel Suites, you are assured of hassle-free upkeep and a higher quality of a “second home.” It also offers pluses in terms cost efficiency because on top of your lease back income, you are entitled to customized vacations for less and you share the operational cost of upkeep with other owners.
For more information, visit www.novotelsuitesmanila.com/fractional-ownership, email ask@century-properties.com or call +63917-5555-274.